Mastek Reports 12.5% Y-o-Y Revenue Growth in Q1FY26

21 Jul 2025 CW Team

The company’s performance was driven by strong growth in the UK and Europe, particularly across healthcare and secured government services. While the US business experienced some challenges in select accounts, Mastek noted that the pipeline and order backlog remain robust.

Operating EBITDA stood at 15.0 per cent, with a marginal decline of 31 basis points sequentially, attributed to continued investments in talent and capability development. On a Y-o-Y basis, Operating EBITDA grew 10.8 per cent. Profit After Tax (PAT) rose to Rs 920.1 million, marking a sequential growth of 13.5 per cent and an increase of 28.7 per cent Y-o-Y.

The company’s 12-month order backlog stood at Rs 19.35 billion, reflecting an 8.3 per cent Y-o-Y growth, supported by strong demand across Digital Engineering, Data, Automation, and AI. Oracle-led engagements in the healthcare and commercial sectors also continued to scale during the quarter.

Mastek also reported strong traction in its AI business, securing over 10 new deals across generative and agentic AI solutions that are delivering measurable productivity gains for clients. In addition, the company signed a strategic partnership with Open Ana to further strengthen its AI capabilities.

Umang Nahata, Chief Executive Officer, Mastek, said, “We are pleased to report another steady quarter, with revenue growth of 12.5 per cent Y-o-Y in rupee terms. Growth was led by strong performance in the UK and Europe, driven by momentum in healthcare and secured government services. The US business witnessed headwinds in some accounts, however pipeline and order backlog remain strong. While the external environment remains dynamic, our execution focus, combined with deep client relationships, positions us well to deliver sustainable and profitable growth in the coming quarters.”

Mastek, a trusted provider of AI-first digital engineering and cloud transformation services, reported consolidated revenue of Rs 9.14 billion for the first quarter of FY26, registering a year-on-year (Y-o-Y) growth of 12.5 per cent in rupee terms for the period ended 30 June 2025.The company’s performance was driven by strong growth in the UK and Europe, particularly across healthcare and secured government services. While the US business experienced some challenges in select accounts, Mastek noted that the pipeline and order backlog remain robust.Operating EBITDA stood at 15.0 per cent, with a marginal decline of 31 basis points sequentially, attributed to continued investments in talent and capability development. On a Y-o-Y basis, Operating EBITDA grew 10.8 per cent. Profit After Tax (PAT) rose to Rs 920.1 million, marking a sequential growth of 13.5 per cent and an increase of 28.7 per cent Y-o-Y.The company’s 12-month order backlog stood at Rs 19.35 billion, reflecting an 8.3 per cent Y-o-Y growth, supported by strong demand across Digital Engineering, Data, Automation, and AI. Oracle-led engagements in the healthcare and commercial sectors also continued to scale during the quarter.Mastek also reported strong traction in its AI business, securing over 10 new deals across generative and agentic AI solutions that are delivering measurable productivity gains for clients. In addition, the company signed a strategic partnership with Open Ana to further strengthen its AI capabilities.Umang Nahata, Chief Executive Officer, Mastek, said, “We are pleased to report another steady quarter, with revenue growth of 12.5 per cent Y-o-Y in rupee terms. Growth was led by strong performance in the UK and Europe, driven by momentum in healthcare and secured government services. The US business witnessed headwinds in some accounts, however pipeline and order backlog remain strong. While the external environment remains dynamic, our execution focus, combined with deep client relationships, positions us well to deliver sustainable and profitable growth in the coming quarters.”

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..